Bitcoin has become a symbol for general "financial market speculation". It has very little to do with "Bitcoin will replace fiat currency". If you look at the great periods of Bitcoin run-ups, they generally coincided with major rallies in the U.S. stock market. From November 2022-present, March 2020-April 2021, August 2015-December 2017. These were all periods of large bull rallies in the U.S. stock market, coinciding with huge gains in Bitcoin.
Agree with the India sentiment. They are poised to grow into a MAJOR superpower in this century. The factors are all in place.
good to see u back. what do you think of bitcoin? having hard time understand the bitcoin trade really (as still tied to fiat money to monetize)
Bitcoin has become a symbol for general "financial market speculation". It has very little to do with "Bitcoin will replace fiat currency". If you look at the great periods of Bitcoin run-ups, they generally coincided with major rallies in the U.S. stock market. From November 2022-present, March 2020-April 2021, August 2015-December 2017. These were all periods of large bull rallies in the U.S. stock market, coinciding with huge gains in Bitcoin.